Welcome to Denver’s Housing Market

Realtors' favorite neighborhoods, advice for buyers and sellers, and a guide to some of the newest developments.

Homes for $1.5 million and higher

When they sky’s the limit, you can find historic homes, nearby clubs, and inexhaustible luxuries.

Observatory Park, Denver

Average home price: $1,545,767
Average square footage: 3,979
Average days on market: 180
Vintage of neighborhood: Named after The University of Denver’s Chamberlin Observatory, completed in 1894, this charming neighborhood (bordered by Evans Ave. to the north, Yale Ave. to the south, Colorado Blvd. to the east, and University Blvd. to the west) is full of historic homes, many with front porches, and tree-lined streets.
Amenities: Living near the DU campus means access to the Daniel L Ritchie Sports and Wellness Center, which holds the Magness Arena and the Coors Fitness Center, with two Olympic-size pools and two ice rinks. There are also numerous performances at the Newman Center for the Performing Arts, and regular public events at the Chamberlin Observatory, which sits in Observatory Park, perfect for picnics and strolls.

Bow Mar, Arapahoe and Jefferson Counties

Bow Mar Home
Bow Mar This custom new build has five bedrooms and six bathrooms and sits near a private lake; Asking price: $2.95 million; Listing agent: Matt Lawson, Keller Williams

Average home price: $1,879,500
Average square footage: 5,535
Average days on market: 77
Vintage of neighborhood: Lloyd King, founder of King Soopers, originally bought the subdivision with a luxury neighborhood in mind. Just one square mile, it became a town in 1958, with most homes modeled after Frank Lloyd Wright’s ranch-style architecture, and with no homes exceeding one story. There are now about 295 homes.
Amenities: A private recreational lake sits nearby for ice skating, boating, sailing, fishing, or lounging on the beach. The Bow Mar Yacht Club hosts summer regattas on Bow Mar Lake.

Cherry Hills Village, Denver

Cherry Hills Home
Cherry Hills Village Five bedrooms and eight baths on a picturesque site; Asking price: $11.9 million; Listing agent: Chuck Gargotto, Gargottohomes.com

Average home price: $2,009,779
Average square footage: 7,519
Average days on market: 178
Vintage of neighborhood: A few homes had been built in what is known as “the Circle,” just west of University Boulevard and south of Hampden Avenue, in 1938, but Cherry Hills Village wasn’t incorporated as a town until 1945. It became a home rule city in 1966 and now has its own police force. It’s one of the quietest, safest, and most peaceful communities in the city, defined by large shade trees lining the streets, beautiful estates in a mix of architectural styles, and gravel roads to give the neighborhood a quaint touch.
Amenities: Cherry Hills Country Club is a private club that has held nine USGA competitions, and Glenmoor Country Club is a Pete Dye-designed course. The High Line Canal, John Meade Park, and Quincy Farm are great for walking, biking and horseback riding. Eateries and shops in Englewood’s South Broadway strip and Streets at Southglenn are great for a day out.

Belcaro, Denver

Belcaro Home
Belcaro This new contemporary home has five bedrooms and seven baths; Asking price: $5.5 million; Listing agent: Josh Behr, Behrteam.com

Average home price: $1,677,286
Average square footage: 3,611
Average days on market: 40
Vintage of neighborhood: Established in the 1940s, this neighborhood was built around the Phipps mansion, a 27,000-square-foot space with 54 rooms and a tennis pavilion.
Amenities: Cherry Creek Shopping Center is nearby, as well as many shops, restaurants, and spas, along with Belcaro Shopping Center, Pulaski Park, City of Brest Park, and Burns Park.

Country Club, Denver

Average home price: $1,595,408
Average square footage: 5,885
Average days on market: N/A
Vintage of neighborhood: Developed in 1909, you can find many turn-of-the-century mansions here. With only 380 properties in the neighborhood, the community preserves an intimate feel.
Amenities: Denver Country Club (the oldest country club west of the Mississippi) borders the neighborhood. It’s adjacent to Cherry Creek Shopping Center, boutique hotels and eateries.

Castle Pines Village, Douglas County

Castle Pines home
Castle Pines Village This seven-bed, six-bath home has almost 10,000 square feet; Asking price: $1.9 million; Listing agent: Christopher Howey, Kentwood Real Estate

Average home price: $1.5 million
Average square footage: About 5,000
Average days on market: N/A
Vintage of neighborhood: This 3,000- acre community was formed in 1981 about a decade after the land was purchased for the Jack Nicklaus Signature Golf Course.
Amenities: This private, gated community offers trails, three swimming pools, tennis courts, playgrounds, and a fitness center. The Country Club at Castle Pines has top-notch amenities like the Jack Nicklaus Signature Golf Course and fine dining. Local boutique shopping and the Castle Rock Outlets are just a short drive away.